2 The Banff Housing Corporation may refuse
to give its consent to the assignment or sublease of a residential tenancy
agreement under section 22(3) of the Act if

(a) the
assignment or sublease is to a person who does not qualify as a bona fide
resident under the terms of that agreement,

(b) the
assignment or sublease is to a person who does not meet the eligible resident
requirements defined in the National Parks of Canada Lease and Licence of
Occupation Regulations SOR/2002-237 under the Canada National Parks Act
(Canada),

(c) the
tenant has not obtained the consent in writing of the Minister of Environment
of the Government of Canada, or

(d) the
Banff Housing Corporation has reasonable grounds to believe that the assignment
or sublease is to a person who does not meet the Corporation’s qualification
requirements to acquire an interest in a residential tenancy agreement.

4 For
the purpose of ensuring that this Regulation is reviewed for ongoing relevancy
and necessity, with the option that it may be repassed in its present or an
amended form following a review, this Regulation expires on July 31, 2018.